Fortune (June 1)
“Home-sale prices in 11 of the 50 biggest U.S. metro areas are already falling, according to data from Redfin, which sees the nationwide median sale price declining 1% on an annual basis in the fourth quarter of this year. That’s as listings grow and mortgage rates remain high, while sellers outnumber buyers by record amounts.”
Tags: Buyers, Declining. Q4, Falling, High, Home, Listings, Metro areas, Mortgage rates, Nationwide, Redfin, Sale price, Sellers, U.S.
Bloomberg (May 30)
According to respondents in a Bloomberg survey, “the European Central Bank will lower interest rates twice more.” They predicted “quarter-point reductions on June 5 and at September’s meeting, when new quarterly forecasts should shed more light on the effects of US President Donald Trump’s reordering of global trade.” Respondents also cautioned that the ECB “shouldn’t wait too long between those moves or investors will conclude that its easing campaign is already over.” If their predictions hold, the deposit rate would rise to 1.75%, “where the poll sees it settling through the end of 2026.”
Tags: 1.75%, Easing campaign, ECB, Global trade, Interest rates, Investors, June, Predicted, Quarterly forecasts, Reductions, Respondents, September, Trump, U.S.
